4 hours ago
CINCINNATI —
Gasoline and diesel prices are rising sharply amid the ongoing conflict with Iran, affecting businesses and consumers nationwide.
Local experts warn that since diesel is essential for transporting goods, consumers may face higher prices for products both in stores and online.
"Last year that would be $10 a day, now looking at $25 easily, maybe more," said Brian Grinsted, owner of Grinsted Landscaping.
Debashis Pal, an economics professor at the University of Cincinnati, emphasized the wider impact, stating, "The price families pay for fresh produce will increase by 10-15%." He added that rising fuel costs may lead families to reduce spending on dining out and non-essential purchases.
According to AAA, the national average price for diesel has jumped to $5.06 per gallon, up from $3.67 just a month ago. Diesel is vital for hauling food, packages, and other goods, making its price surge particularly significant.
"They might cut back on eating out. They might cut back on buying stuff. So the indirect effect will settle in, if it continues," Pal explained.
Grinsted expressed concern about the months ahead: "We're okay now, but if it lasts the whole summer, then certainly there are conversations that have to be made."
Experts note that diesel prices tend to spike faster than regular gasoline due to lower supply. Even small increases in shipping costs accumulate, making saving money the best strategy for consumers.
